Murata Machinery, Ltd. Acquires Swedish-Based AGVE AB to Expand Line of Automated Guided Vehicles
Thursday, March 08, 2018
CHARLOTTE, NC - February 28, 2018 - The shareholders of AGVE AB ("AGVE") have entered into an agreement with Murata Machinery, Ltd. ("Muratec") whereby Muratec has acquired all issued stock of AGVE AB of Gothenburg Sweden, from the existing shareholders. AGVE and its fully owned subsidiaries, AGV Solutions LLC in the US and AGVE Ltd in UK, are now 100% subsidiaries of Muratec.
The combination of AGVE and Muratec's technical resources will enable enhanced AGV solutions to be jointly developed. The products will be supplied across the world utilizing Muratec's strength in the Asian and Japanese market and AGVE's existing presence in the European and US markets. The new business will build on Muratec and AGVE's long track record of innovative products and impressive growth in the AGV market. The combined business is already a major supplier to a wide range of sectors from automotive to healthcare, and pharmaceuticals to the process industries.
"The AGVE acquisition is an important part of Muratec's strategy for the Material handling equipment market segment," said Daisuke Murata, President and C.E.O. of Murata Machinery, Ltd. "We are facing Increasing demands for advanced AGV systems in the market these days, and feel a sense of urgency to accelerate our development activities. The rich resources of AGVE which is located in the center of the eco-system of AGV in Gothenburg will surely help us to achieve it."
AGVE has a dedicated team of world-leading engineers and by continually extending its local presence is supplying AGV systems to over 20 countries through its direct subsidiaries in USA and UK and local partners. The combination of Muratec and AGVE will achieve even stronger customer service worldwide.
The acquisition was finalized, effective February 28, 2018.
Murata Machinery USA, Inc. is a subsidiary of Murata Machinery Ltd., Kyoto, Japan and will continue to leverage Muratec's material handling product line through its Logistics & Automation Division.